Investments

DELAWARENew Castle CountyJan 6, 2009 . . . . . . $107,105,000

A rally in the municipal bond market to close out 2008 enabled Pacific Investment Management Co. last week to pay a previously postponed dividend on a closed-end muni fund.

INDIANAClay Community SchoolsDec 11, 2008 . . . . . . $3,000,000

ALABAMAAutauga County Water AuthortyDec 5, 2008 . . . . . . $1,405,000

With the wreckage of 2008 in the rearview mirror, issuers will start boosting the supply of muni debt this week as investors continue their flight to quality.

ILLINOISBellwood VillageDec 19, 2008 . . . . . . $7,905,000

Nearly all The Bond Buyer's weekly yield indexes declined again during the past week as a year-end rally continued to push up prices for municipal bonds, particularly high-quality debt.

Standard & Poor’s last week downgraded Illinois Wesleyan University’s underlying rating to BBB-plus from A-minus due to the school’s ongoing operating deficits.

ALASKAAlaskaDec 29, 2008 . . . . . . $50,000,000

INDIANATurkey Creek TownshipDec 30, 2008 . . . . . . $798,743

DALLAS - On the heels of a Fitch Ratings downgrade, the University of Oklahoma will issue $65.8 million of revenue bonds after the first of the year for construction and renovation of buildings on the flagship Norman campus.

CALIFORNIAAzusa Redevelopment AgencyDec 9, 2008 . . . . . . $6,715,000

The Bond Buyer's weekly yield indexes declined last week, as tax-exempts firmed in each of the abbreviated week's sessions in advance of the Christmas holiday.

CHICAGO - Loyola University of Chicago has stepped up to help its ailing health system with an infusion of $19 million in cash, a move that staved off the system's violation of bank liquidity terms and the loss of its investment grade credit.

CHICAGO - Fitch Ratings last week rated the Urbana, Ill.-based Carle Foundation's upcoming $250 million bond sale AA-minus and assigned an "evolving" outlook due to the uncertain outcome and the fiscal impact of its merger discussions with an affiliated physicians' group.

ALABAMAWest Jefferson Industrial Development BoardDec 8, 2008 . . . . . . $100,000,000

NEW YORKCrown Point Central School DistrictDec 23, 2008 . . . . . . $900,000

ALABAMAHenry County Health Care AuthorityDec 5, 2008 . . . . . . $1,270,000

INDIANADecatur County Community SchoolsDec 22, 2008 . . . . . . $1,229,000

Weekly reporting municipal bond mutual funds had a net outflow of $993 million during the period ending Dec. 17, AMG Data Services reported.